Future Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
CRUDE OIL Jun 2022 (NYMEX:CL.M22)
Strong Uptrend (+100) - CL.M22 is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CL.M22 continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid CL.M22?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.M22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.M22
The long-term trend has been UP since Dec 16th, 2020 at 46.17
The intermediate-term trend has been UP since Aug 29th, 2021 at 65.60
The short-term trend has been UP since Oct 25th, 2021 at 77.05
Smart Scan Analysis for CL.M22
Based on our trend formula, CL.M22 is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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